Quantinno Capital Management LP Boosts Holdings in Carter's, Inc. (NYSE:CRI)

Quantinno Capital Management LP lifted its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 345.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,891 shares of the textile maker's stock after purchasing an additional 41,018 shares during the quarter. Quantinno Capital Management LP owned 0.15% of Carter's worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of CRI. Pacer Advisors Inc. raised its position in shares of Carter's by 155.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock worth $154,500,000 after purchasing an additional 1,732,857 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Carter's by 124.4% in the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock worth $93,134,000 after purchasing an additional 964,494 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Carter's by 108.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker's stock worth $61,043,000 after purchasing an additional 584,850 shares during the last quarter. First Trust Advisors LP raised its position in shares of Carter's by 33.3% in the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock worth $104,042,000 after purchasing an additional 479,961 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Carter's by 10.4% in the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after purchasing an additional 366,293 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CRI. Citigroup decreased their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Barclays began coverage on Carter's in a research report on Monday, April 28th. They issued an "underweight" rating and a $25.00 target price for the company. Wells Fargo & Company boosted their target price on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Finally, UBS Group decreased their target price on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $36.80.

Carter's Trading Down 1.9%

Carter's stock opened at $36.38 on Tuesday. The business has a 50-day simple moving average of $37.15 and a two-hundred day simple moving average of $46.88. The company has a market cap of $1.33 billion, a P/E ratio of 5.77, a P/E/G ratio of 3.37 and a beta of 1.05. Carter's, Inc. has a 52-week low of $32.04 and a 52-week high of $71.99. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.13. The business had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The business's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Analysts predict that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.80%. Carter's's dividend payout ratio is currently 70.80%.

Carter's Profile

Carter's, Inc engages in the business of brand marketing of young children's apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.

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